Monday, April 30, 2007

CDO Issuer Highland Financial Plans to Sell Shares in an Initial Offering

(Bloomberg) -- Highland Financial Partners LP, a holding company set up last year by investment manager Highland Capital Management LP, has filed for an initial public offering of shares.

Highland Financial mainly earns income by owning collateralized debt obligations managed by Highland Capital, according to a filing April 27 with the Securities and Exchange Commission. Highland Capital was founded in 1993 and manages more than $33 billion in assets, the filing said. Both companies are based in Dallas.


Read more at Bloomberg Bonds News

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